Regulated proof-of-stake blockchain, Concordium, has announced the official listing of its native CCD token on Bitfinex and BitGlobal. The first exchange to list CCD was Bitfinex, on February 10th, 2022. The token will be live on BitGlobal beginning February 11th, at 10:00 CET.
Concordium intends to list CCD on other exchanges soon, once CCD achieves high market liquidity. Following the listing, users can trade CCD. The tradable pairs are CCD/BTC, CCD/ETH and CCD/USDT, all of which will initially be only available for spot trading.
Exchange platform functionalities informed the decision to list on Bitfinex and BitGlobal. Bitfinex has advanced trading features, with charting capabilities and great customer support. On the other hand, BitGlobal has an intuitive user interface, making it easier for many users to trade and invest in digital assets.
Holders of CCD tokens will draw confidence in its classification by the Swiss Financial Market Advisory Council as a payment token. That means CCD is approved as ideal for collateralization, on-chain transactions and other DeFi applications. CCD is the medium of transaction on the Concordium blockchain. Consequently, it facilitates payment for the use of applications on the platform and payment of validator nodes.
Concordium is a public proof-of-stake Layer 1 blockchain that provides confidentiality based on zero-knowledge proof. With an in-built identification mechanism, the blockchain facilitates regulatory compliance. That means it can reveal transaction information for suspected transactions.
The Concordium Foundation is responsible for the management and development of the Concordium blockchain. The CCD token is the blockchain’s native token. It boasts of near-instant transaction speeds and low gas fees. In addition, the CCD token offers stability since it is tethered to fiat currency. The foundation intends to create a decentralized governance structure for the Concordium ecosystem. That will earn CCD token holders voting rights on the governance of the blockchain.